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New PSA car storage facility 'vital for S'pore'
A new multi-storey car storage facility at PSA Corporation's Pasir Panjang Wharves will help Singapore maintain its competitiveness as a regional vehicle transhipment hub, according to prominent Norwegian shipowner Wilhelm Wilhelmsen.
Yantai wins US$310m rig order from Norway firm
YANTAI Raffles Shipyard, founded and controlled by Singapore's Brian Chang, has secured another order for a semi-submersible drilling rig - worth a whopping US$310 million - from Norway's Awilco Offshore.
Hyundai Heavy's profit soars; Hanjin Shipping's down
HYUNDAI Heavy Industries Co, the world's largest shipyard, said profit last year almost quadrupled as the company built more vessels at higher prices and paid less for steel plate used to make hulls.

Admiralty Casebook

Ship's confusing actions created dangerous situation: court
ABULK carrier that created a dangerous situation between itself and another vessel off Gibraltar should be almost wholly responsible for the collision that followed between the two vessels, an English court ruled last week.

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Shipping News

New PSA car storage facility 'vital for S'pore'
A new multi-storey car storage facility at PSA Corporation's Pasir Panjang Wharves will help Singapore maintain its competitiveness as a regional vehicle transhipment hub, according to prominent Norwegian shipowner Wilhelm Wilhelmsen.
Yantai wins US$310m rig order from Norway firm
YANTAI Raffles Shipyard, founded and controlled by Singapore's Brian Chang, has secured another order for a semi-submersible drilling rig - worth a whopping US$310 million - from Norway's Awilco Offshore.
Hyundai Heavy's profit soars; Hanjin Shipping's down
HYUNDAI Heavy Industries Co, the world's largest shipyard, said profit last year almost quadrupled as the company built more vessels at higher prices and paid less for steel plate used to make hulls.

Admiralty Casebook

Ship's confusing actions created dangerous situation: court
ABULK carrier that created a dangerous situation between itself and another vessel off Gibraltar should be almost wholly responsible for the collision that followed between the two vessels, an English court ruled last week.

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Maersk makes major reforms to N America inland networks CSL to launch joint new service between north Europe and S America east coast Nanning to build mega logistics facility for Asean trade NOL sells OCWS Logistics for US$13m Tardy importers accused of clogging East African ports Sydney ports post 11pc increase in container trade in 2H06 Los Angeles airports suffer 1.6pc airfreight decline India's oil giants lower aviation fuel prices 6pc Airlines must cut costs or lose out to budget carriers: CAPA

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Dredger to be docked at Tuticorin for repairs Allcargo posts spectacular 6-fold growth in consolidated income during April-Dec. 2006 Cargo-Partner AG launches Indian subsidiary; opens 9 branches Soyameal exports rising KoPT wants cutter-suction dredger deployed on the Hooghly Trinity Capital acquires 10.43 pc stake in Pipavav Shipyard PIL (India) Director taken aboard CoPT Board ITWF-HIMS holds AIDS awareness workshop for women at JNPT GDL's Q3 results show steady growth in revenues Development of CFSs at Nhava Sheva held up CONCOR-CR begins liquid cargo transhipment from JNP to ICD-Nagpur CONCOR to regularise Mumbai-Nagpur weekly services CLE wants integrated leather parks India affirms commitment to Doha success Fieo seeks Rs 2,000-cr. MAI fund Allcargo runs along for a noble cause too! BTL launches Tiger Health Club

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FEBRUARY 1, 2007
Dosé new Gulf Air CEO Foyle to join Tiaca Hall of Fame Höegh Autoliners and Maersk to cooperate in car carrier sector New aircraft for Air Niugini UPS sales and profits up in financial 2006

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Samskip buys Saltire K Line launches Europe-S America service Frontline looks to spin off FPSO business Siba Ships buys into mining firm

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FEBRUARY 1, 2007
U.S. Army Incat leaves the military Vietnam yard must pay pollution fine MAN Diesel wins first order for new 32/44 CR

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FEBRUARY 1, 2007
Coast Guard keeping track of Hyundai ship with engine trouble NAFTA trading partners see surface transport gains Corps looking for crab pots lost near Chetco River entrance Harley Marine expading with new East Coast operation Young named board chairman for Union Pacific Corporation

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Ladyman defends beaching of MSC Napoli BRITAIN transport minister defends decision as opposition criticises Maritime and Coastguard Agency's port state control inspections. Pollution from MSC Napoli hits Brittany coast Frontline spins-off FPSO business FRONTLINE is bringing external investors into its new floating production, storage and offloading venture, Sea Production. Liability insurance hikes to hit ferry sector PASSENGERSHIP operators face increases of up 40% in their liability insurance costs under a deal being finalised.

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FEBRUARY 1, 2007
Abuja hosts African maritime conference THE first conference of maritime ministers of African Union countries is due to be held in Abuja, the Nigerian capital, on February 19-23 African migrants rescued in N Atlantic FOURTEEN Senegalese migrants were rescued from a sailing boat in the North Atlantic over the weekend by a Hong Kong-flagged boxship US ethanol imports skyrocket THE US more than quadrupled its ethanol imports in 2006 despite steep tariffs designed to protect domestic producers Drifting car carrier towed to port THE car carrier Autoprogress was towed into the French port of Brest yesterday after losing propulsive power on Tuesday when a fire broke out in the engine room French seek backing for demolition Waiting time spirals at Newcastle Keppel joins Frontline venture China ship completions soar Taxes eat into Hanjin profits

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FEBRUARY 1, 2007
West Coast containers surged in 2006 West Coast ports handled 15.4 million TEUs, an increase of eight percent, on surging U.S.-Asia trade that shows no signs of slowing. Maersk restructures U.S. inland network Carriers need 'adequate rates', says Hapag-Lloyd's Mack Port of Seattle container volume falls by 5% Hanjin profits fall Matson Q4 profit up 26% Lines launch North Europe-South America Service i2 net falls in Q2 Panalpina, NYK in pact Davidson retires at Union Pacific Commonwealth Business Media names Rodby VP of communications

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FEBRUARY 1, 2007
Asset sales rescue Hanjin as revenues plummet in spite of strong volume growth South Korea's Hanjin Shipping said today that its net profits for last year fell 4.6% to KRW460bn (US$490m) despite a 14.8% increase in container volume, to 3.27m teu. South Korea-to-China cargo declines for the first time in five years Novorossiysk stevedore and TransContainer finish blocktrain trials South Korea forecasts 10-11% export growth Re-elected Lula promises funding to cut "Brazil cost" of poor infrastructure TUI shares recover after drop caused by report of expected loss January lull comes to St Petersburg's FCT

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FEBRUARY 1, 2007
Stealthgas fixes four Nasdaq-listed Stealthgas is bringing more ships under management of the Vafias-family owned Stealth Maritime Corp. Dohle and Corsair into HCI MPC Capital and Harald Christ have sold down in German finance house HCI Qatar frees Koo cape Orient Steamship has won release of a capesize after a two-month fight. Now a third party is going after Oceanbulk for arresting the ship. China play pays off Matson Navigation's new China-US liner service has made up for the carrier's expired alliance with APL. 'Still shopping for ships' Joe Royce-led TBS International has sold a 23-year-old tweendecker for $13m but says it is still on a tonnage hunt. Major savings for Stena Swedish owner potentially cuts cost of bond debt by a third. Another queasy cruise Second Carnival ship in quick succession struck with suspected norovirus outbreak leaving 74 ill. Cash for Kleimar? Angeliki Frangou's Navios Maritime grows its acquisition arsenal with new cheaper bank loan. Greens poleaxe coal cargo Polish bulker prevented from unloading at Amsterdam as Greenpeace pushes government on climate change. MNP finishes 19 Russian yard group has been busy on vessels for Palmali, Svithoid and Caspian Shipping in 2006. New ships for UDSC Ukrainian owner receives government cash to build dry cargoships at domestic Kilia yard. The Americans are coming ReedSmith shakes up London law scene as it throws bash to launch Richards Butler merger. Hanjin Heavy ups Subic spend Budget for Filipino dockyard leaps 75% as Korean yard pursues expansion. Tesma and Stromme to go Axel Eitzen's marine services group rebranding subsidiaries under EMS name. K Line confirms S America run Japanese owner teams with CSCL, Hatsu and Maruba from Europe. Frontline in FPSO spin Norwegian tanker owner forming separate production company and will buy two aframaxes from John Fredriksen for conversion. Siba heading down underground Italian bulker and livestock carrier owner diversifies into mining with Aussie investment. Hanjin hobbles Korean shipowner sees operating result plummet 75% in 2006 as won rises and freight rates fall. HHI hits new high Profit nearly quadruples at Korean shipbuilding giant in 2006 as productivity improved for higher-value vessels. Mipo minted Korean yard almost doubles annual profit on back of increased orders, high vessel prices and low steel costs. Yantai inks rig deal Chinese shipbuilder to build semi-submersible drilling rig for Norway's Awilco Offshore.

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FEBRUARY 1, 2007
Maersk restructuring inland services, citing trade imbalance Hanjin's profit down 4.6% in 2006 Four new carriers starting North Europe/East Coast South America loop Matson's profit up for 4th quarter, down for year Hapag-Lloyd's Mack says integration with CP complete Coast Guard: "Hyundai Confidence" back in service FedEx completes takeover of Indian express provider Prakash Truck e-manifest system operates smoothly after big hiccup House approves $3.4 billion increase for highways C.H. Robinson's 4th quarter profit up 24% Bush, U.S. business push for fast-track trade authority Panalpina, NYK Group link up Kuehne + Nagel managing textile logistics for Swiss fashion store Jordan forwarder joins United Shipping Worldwide Project Consortium gains Vietnamese partner Fregoso new VP at Corrigan's New York Container Terminal deepens berth

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FEBRUARY 1, 2007
Cruise ships to buy power in Norwegian ports Norway is likely to demand that visiting cruise ships buy electric power in ports to prevent CO2 and NOX emissions ... Eidesvik takes stake in B+H Kristian Eidesvik has, through his investment arm, Caiano A/S, bought 6.5 per cent of the share capital of B ... Norway Line with drug problems on Hanstholm-service A steady traffic with drug-addicted persons has created a new challenge for Norway Line on their Bergen/Stavanger-Hanstholm service. When ...

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FEBRUARY 1, 2007
PDVSA boosts barge fleet Supplier launching two new barges to service Venezuelan ports. Greece to host unique Bunker Summit Bunkerworld teams up with Petrospot to deliver a unique four-day Bunker Summit in Athens in May 8-11. BP Shipping in emissions control technology deal First tanker with scrubbing equipment could soon be a reality. New Fuel Manager at ZIM 'Scrubbers are not the answer' Shipping industry should support "a global 'one-fuel' solution" says owner. Rotterdam market continues to be firm Helios terminal will have 'competitive edge' Marine fuel supplier still aims to acquire entire Singapore terminal. Singapore: Stocks of residual fuel and distillates down Singapore faces acute fuel oil shortage Bad weather in the Baltic and Black Sea delays loadings for Asia-bound cargoes. Asia sees average Western cargo influx in March More than two million mt of Western cargoes are expected into Asia in March.